Short term trading idea : Sell HDIL

 

HDIL (Close 79.50) : Sell below 79, with stop loss of 82.50, for target of 71.

Pick of the week :Buy Pantaloon Retail

Pantaloon Retail (Close 165.55) : Buy above 164 with stop loss of 161.50 for target of 180.50 & 199.

Buy Reliance Media Works

Reliance Media Works (Close 66.35) : Buy above 67.50 with stop loss of 62.50 for target of 79.

Buy Renuka Sugars

Renuka Sugars (Close 34.35) : Buy above 34.25 with stop loss of 33.60 for target of 36.70 and 39.

Economic Calender : August 2012

Key dates to watch:

• Q1 Results of FY2012-13.
• HSBC Mfg PMI for July on 1st August 2012
• HSBC Services PMI for July on 3rd August 2012

• Parliament Monsoon session starts on 8th August 2012
• IIP for the month of June on 9th August 2012
• WPI inflation for the month of July on 14th August 2012
• RBI 2nd Quarter review on October 30th 2012

Sell Bank Nifty

Bank Nifty (10358) : Sell below 10363 with stop of 10490 for target of 10150 & 10060.

Sell : HDFC Bank

HDFC Bank (cmp 580) : Sell with stop loss of 585 for target of 560 in short term.